Stock Analysis on Net

ConocoPhillips (NYSE:COP)

$24.99

Price to Sales (P/S)
since 2005

Microsoft Excel

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Calculation

ConocoPhillips, P/S, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of ConocoPhillips Annual Report.


The price-to-sales (P/S) ratio for the period examined exhibits considerable fluctuation. Initially, the ratio demonstrates a moderate increase from 0.48 to 0.67 between 2006 and 2008. A significant decline then occurs in 2009, reaching a low of 0.24, before a partial recovery to 0.48 in 2010. Subsequent years show continued volatility, with a peak of 1.57 in 2014, followed by a decrease to 1.38 in 2015.

A notable surge is observed in 2016, with the P/S ratio reaching 2.51, representing a substantial increase from prior years. This is followed by a decrease to 2.21 in 2018, and a further decline to 1.94 in 2020. The ratio then experiences another increase, peaking at 2.58 in 2022, before decreasing to 2.26 in 2023 and remaining at 2.26 in 2025.

Overall Trend
The P/S ratio does not demonstrate a consistent long-term trend. Instead, it fluctuates significantly throughout the period, suggesting sensitivity to market conditions and company-specific factors. While there are periods of increase, these are often followed by declines, indicating a lack of sustained directional movement.
Volatility
The P/S ratio exhibits high volatility, particularly between 2009 and 2022. This suggests that investor sentiment and expectations regarding the company’s sales performance have been subject to considerable change. The largest single-year increase occurred between 2015 and 2016, while the largest single-year decrease occurred between 2014 and 2015.
Recent Performance
From 2022 to 2026, the P/S ratio shows a slight downward trend, stabilizing around 2.26. This suggests a potential leveling off of investor expectations or a shift in market valuation. However, the relatively small change over this period does not indicate a definitive trend.

The share price and sales per share both influence the P/S ratio. Examining these components alongside the ratio itself would provide a more comprehensive understanding of the observed fluctuations. The period between 2006 and 2026 shows a complex interplay between share price and sales, resulting in the observed P/S ratio behavior.


Comparison to Competitors


Comparison to Sector (Oil, Gas & Consumable Fuels)


Comparison to Industry (Energy)